Daktronics Depreciation And Amortization vs Minority Interest Analysis

DAKT Stock  USD 15.40  0.38  2.53%   
Daktronics financial indicator trend analysis is much more than just examining Daktronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Daktronics is a good investment. Please check the relationship between Daktronics Depreciation And Amortization and its Minority Interest accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daktronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Daktronics Stock please use our How to Invest in Daktronics guide.

Depreciation And Amortization vs Minority Interest

Depreciation And Amortization vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Daktronics Depreciation And Amortization account and Minority Interest. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Daktronics' Depreciation And Amortization and Minority Interest is 0.94. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Daktronics, assuming nothing else is changed. The correlation between historical values of Daktronics' Depreciation And Amortization and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Daktronics are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Depreciation And Amortization i.e., Daktronics' Depreciation And Amortization and Minority Interest go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Daktronics whose combined shares represent less than 50% of the total outstanding shares issued by Daktronics have a minority interest in Daktronics.
Most indicators from Daktronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Daktronics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daktronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Daktronics Stock please use our How to Invest in Daktronics guide.At this time, Daktronics' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.05 in 2024, whereas Selling General Administrative is likely to drop slightly above 25.3 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit116.7M151.4M222.4M233.6M
Total Revenue611.0M754.2M818.1M859.0M

Daktronics fundamental ratios Correlations

0.550.670.950.730.72-0.240.630.720.660.770.510.540.980.840.790.90.60.710.960.790.99-0.03-0.120.920.71
0.550.080.440.04-0.010.280.090.010.590.090.830.320.560.120.860.610.30.030.630.720.590.23-0.430.480.05
0.670.080.640.770.73-0.360.710.720.360.770.220.330.680.710.40.530.380.620.60.440.65-0.53-0.030.540.65
0.950.440.640.660.67-0.140.50.830.480.810.360.30.940.790.720.950.630.720.960.840.93-0.06-0.210.890.76
0.730.040.770.660.97-0.480.920.780.420.840.080.60.710.940.260.470.420.850.550.280.71-0.010.270.630.79
0.72-0.010.730.670.97-0.380.880.790.310.85-0.010.50.710.950.240.490.490.830.550.280.70.030.360.630.77
-0.240.28-0.36-0.14-0.48-0.38-0.44-0.14-0.61-0.280.01-0.68-0.15-0.470.040.10.03-0.37-0.080.27-0.230.28-0.13-0.28-0.33
0.630.090.710.50.920.88-0.440.590.440.610.220.690.650.810.190.310.390.580.420.20.65-0.040.220.420.49
0.720.010.720.830.780.79-0.140.590.120.88-0.020.130.730.790.330.720.450.830.70.570.69-0.130.030.680.86
0.660.590.360.480.420.31-0.610.440.120.310.680.840.590.490.680.420.230.330.590.370.68-0.05-0.250.630.31
0.770.090.770.810.840.85-0.280.610.880.31-0.020.250.720.890.440.710.520.920.720.490.71-0.040.170.790.95
0.510.830.220.360.08-0.010.010.22-0.020.68-0.020.480.560.10.760.450.03-0.070.540.60.57-0.15-0.430.37-0.07
0.540.320.330.30.60.5-0.680.690.130.840.250.480.50.590.350.160.160.370.340.050.580.050.120.480.26
0.980.560.680.940.710.71-0.150.650.730.590.720.560.50.80.780.90.560.640.950.820.99-0.1-0.140.860.64
0.840.120.710.790.940.95-0.470.810.790.490.890.10.590.80.410.620.540.890.70.390.810.050.260.810.84
0.790.860.40.720.260.240.040.190.330.680.440.760.350.780.410.830.340.360.880.840.8-0.06-0.360.790.41
0.90.610.530.950.470.490.10.310.720.420.710.450.160.90.620.830.570.610.980.940.88-0.02-0.280.860.66
0.60.30.380.630.420.490.030.390.450.230.520.030.160.560.540.340.570.330.570.510.570.24-0.190.480.35
0.710.030.620.720.850.83-0.370.580.830.330.92-0.070.370.640.890.360.610.330.640.350.660.080.290.80.98
0.960.630.60.960.550.55-0.080.420.70.590.720.540.340.950.70.880.980.570.640.90.95-0.06-0.280.920.68
0.790.720.440.840.280.280.270.20.570.370.490.60.050.820.390.840.940.510.350.90.79-0.08-0.470.690.42
0.990.590.650.930.710.7-0.230.650.690.680.710.570.580.990.810.80.880.570.660.950.79-0.04-0.160.890.66
-0.030.23-0.53-0.06-0.010.030.28-0.04-0.13-0.05-0.04-0.150.05-0.10.05-0.06-0.020.240.08-0.06-0.08-0.040.180.030.01
-0.12-0.43-0.03-0.210.270.36-0.130.220.03-0.250.17-0.430.12-0.140.26-0.36-0.28-0.190.29-0.28-0.47-0.160.180.00.19
0.920.480.540.890.630.63-0.280.420.680.630.790.370.480.860.810.790.860.480.80.920.690.890.030.00.81
0.710.050.650.760.790.77-0.330.490.860.310.95-0.070.260.640.840.410.660.350.980.680.420.660.010.190.81
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Daktronics Account Relationship Matchups

Daktronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets372.7M375.2M440.9M468.1M527.9M554.3M
Short Long Term Debt Total2.4M1.9M2.3M17.8M56.6M59.5M
Other Current Liab44.8M39.3M44.3M46.0M57.6M29.5M
Total Current Liabilities146.0M146.6M213.7M210.2M192.3M201.9M
Total Stockholder Equity177.0M193.6M191.6M200.9M238.8M144.3M
Property Plant And Equipment Net67.5M58.7M66.8M72.1M71.8M53.0M
Net Debt(38.0M)(75.7M)(14.8M)(6.2M)(24.7M)(23.4M)
Retained Earnings85.1M96.0M96.6M103.4M138.0M92.5M
Accounts Payable47.8M40.3M76.3M67.5M60.8M33.3M
Cash40.4M77.6M17.1M24.0M81.3M85.4M
Non Current Assets Total120.6M110.2M123.3M125.4M125.9M77.4M
Non Currrent Assets Other1.1M1.6M1.5M4.1M21.9M23.0M
Cash And Short Term Investments41.6M77.6M21.2M24.5M81.3M85.4M
Net Receivables112.1M102.8M146.2M158.3M173.7M182.4M
Common Stock Shares Outstanding45.3M45.2M45.3M45.5M46.5M43.7M
Liabilities And Stockholders Equity372.7M375.2M440.9M468.1M527.9M554.3M
Non Current Liabilities Total49.7M35.0M35.6M57.1M96.8M101.6M
Inventory86.8M74.4M134.4M149.4M138.0M144.9M
Other Current Assets9.6M10.3M15.8M10.4M8.9M13.7M
Other Stockholder Equity37.2M39.3M38.1M40.0M41.8M26.1M
Total Liab195.7M181.6M249.3M267.2M289.1M303.5M
Property Plant And Equipment Gross78.6M58.7M252.3M265.5M276.3M290.1M
Total Current Assets252.0M265.0M317.6M342.7M401.9M422.0M
Accumulated Other Comprehensive Income(5.3M)(2.3M)(4.9M)(5.5M)(6.5M)(6.9M)
Short Term Debt2.4M1.9M2.3M2.3M3.5M6.4M
Intangible Assets3.4M2.1M1.5M1.1M840K798K
Common Stock Total Equity54.7M57.7M60.0M60.6M69.7M73.1M
Common Stock60.0M60.6M61.8M63.0M65.5M38.2M
Other Liab43.6M30.5M35.6M39.3M45.2M47.5M
Other Assets14.4M13.6M14.8M21.0M24.1M25.4M
Good Will7.7M8.4M7.9M3.2M3.2M4.9M
Property Plant Equipment67.5M58.7M66.8M72.1M83.0M65.1M
Current Deferred Revenue50.9M64.5M90.4M91.5M65.5M34.6M
Short Term Investments26.3M1.2M27.4M4.0M534K0.0
Net Tangible Assets169.2M183.1M182.2M196.5M176.9M150.7M
Deferred Long Term Liab8.1M533K452K3.9M3.5M3.7M

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Additional Tools for Daktronics Stock Analysis

When running Daktronics' price analysis, check to measure Daktronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Daktronics is operating at the current time. Most of Daktronics' value examination focuses on studying past and present price action to predict the probability of Daktronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daktronics' price. Additionally, you may evaluate how the addition of Daktronics to your portfolios can decrease your overall portfolio volatility.